Far East H-Trust NPI down 0.6% YoY to $45.36m in H1
Higher property expenses offset the increase in gross revenue.
Far East Hospitality Trust (Far East H-Trust) saw its net property income (NPI) dip 0.6% year-on-year (YoY) to $45.36m in H1 2026, its latest financial results showed.
Gross revenue rose 4.3% YoY to $53.79m during the six-month period.
Higher property expenses offset the increase in gross revenue, Far East H-Trust said.
Far East H-Trust said that its serviced apartments registered a better performance in H1 2026. The full period contribution from Four Points by Sheraton Nagoya (FPN) also helped lift revenue during the period.
FPN’s contribution was partially offset by a softer contribution from Far East H-Trust’s Singapore hotels, it said.
Average occupancy in H1 2026 rose 2.1 percentage points (ppt) to 81.5% in hotels, and by 3.8 ppt to 82% for serviced residences.
Average daily rate (ADR) is 161% for hotel rooms, lower by 4.2% YoY; and $272 for serviced residences, higher by 0.8% YoY.
Revenue per available room (RevPAR) is $131 for hotels, a 1.6% YoY decline. RevPar for SRs rose 5.7% YoY to $233.
Income available for distribution rose 8.9% YoY to $33.7m. Far East H-Trust said that finance expenses declined by 28.2% YoY to $9.2m.
Core distribution per stapled security (DPS) is $1.63, a 7.9% YoY increase from H1 2025. Core distribution rose 9.9% YoY to $33.58m in H1 2026 from $30.56m in H1 2025.